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Da7c0f02 47e1 442c 942c 4f112f6edb8a

Financial Instrument Security Technology Services

Over $139B is lost in fraudulent checks each year. FISTS, Inc will greatly reduce check fraud and earn a huge profit doing it.

  • Stage Product In Development
  • Industry Financial Services
  • Location New Haven, CT, USA
  • Currency USD
  • Employees 2

Company Summary

Each year approximately $139 billion dollars is lost by businesses due to them accepting checks that were later determined to be fraudulent. We have developed a process for inspecting each check and verifying that it is valid. We have been using the process manually with 70 businesses in the greater St. Louis area with non-banks such as Check Cashing, Grocery and Convenience Stores, Gas Stations, etc. 60% of all checks are cashed at non-banks.


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    Kevin G Ewing

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    Michael Leslie Abernathy
    Business Advisor


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    Paul Hughes - Wiggin and Dana, LLP